The consultants at Equias Alliance offer a comprehensive range of executive benefit consulting services as well as strategic financing and investments solutions to help offset benefit liabilities. More specifically, we provide the following:
Bank-Owned Life Insurance (BOLI)
We provide BOLI portfolio services that are designed to enhance the bank’s earnings. We offer general, separate and hybrid separate account BOLI products from almost all of the nation’s top BOLI providers. We offer our clients a variety of carriers and a full range of products to best meet their needs and to meet regulatory compliance standards.
Equias Alliance maintains a leadership position by offering the highest caliber of products from the nation’s top insurance carriers.
Design of Nonqualified Benefit Plans
We provide benefit planning to assist banks in addressing the retirement income shortfalls resulting from qualified benefit plan limitations, while incorporating rewards based on targeted performance or other benchmarks. Currently, we design and implement nonqualified benefit plans including: Supplemental Executive Retirement Plans, Supplemental Life Insurance Plans, Performance-Driven Benefit Plans, Executive Deferred Compensation Plans, Director Deferred Fee Plans, Director Retirement Plans, and Director Supplemental Life Insurance Plans.
Administration of BOLI and Nonqualified Benefit Plans
Currently, we administer BOLI and benefit plans including: Bank-Owned Life Insurance Programs, Community Bank Scholarship Programs, Director and Executive Deferred Compensation Plans, Director Retirement Plans, Group Term Replacement Plans/Split-Dollar Endorsement Plans, Performance-Driven Benefit Plans, Stock Appreciation Plans, Supplemental Executive Retirement Plans, and Revenue Neutral Plans/Index Plans.
Review of Existing BOLI and Nonqualified Benefit Plans
The consultants at Equias Alliance can review your current BOLI assets and provide summary of findings and recommendations. In addition, many of our clients request a review of their current nonqualified benefit plans.
We provide our clients with monthly comprehensive BOLI reporting packages, annual risk assessment reviews, carrier updates and more. We offer individualized support through our Independent Consultants, Client Relationship Managers, and National Service Center.